Rochester Museum and Science Center

Analysis

Rochester Museum and Science Center is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in September 1952, 74 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rochester Museum and Science Center reported income of $9.9m and spending of $9.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $9.9m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rochester Museum and Science Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Baltimore Public Media Corporation ($9.9m), American Association of Museums ($9.9m) and Civic Light Opera Association ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $309k (3.2% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $29.0m against liabilities of $5.2m, net assets of $23.8m. It reported 284 employees.